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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com could save you fifteen percent or more on car insurance.s everybody knows that. well, did you know that when a tree falls in the forest and no one's around, it does make a sound? ohhh...ugh. geico. little help here. i need>>that's my geico digital insurance id card - gots all my pertinents on it and such. works for me. turn to the camera. >>ah, actually i think my eyes might ha... next! digital insurance id cards. just a tap away on the geico app. >>> all right, time for "one more thing." bob beckel up first. >> wall street journal story. the affordable care act, president obama's signature health care law is already boosting household incomes and spending. can we look at the chart please? on obamacare, personal income is up .3. i can't read it, it's too far away. look at those. it lays to rest a lot of the argument about what a lousy thing it's going to do to the economy. so far,
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com could save you fifteen percent or more on car insurance.s everybody knows that. well, did you know that when a tree falls in the forest and no one's around, it does make a sound? ohhh...ugh. geico. little help here. i need>>that's my geico digital insurance id card - gots all my pertinents on it...
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we are here today because failures within the irs are not isolated to just tax-exempt division. four months ago when obamacare opened for business -- this fast and this hearing is now over but this investigation is not. >> you see, the investigation is never over with congressman issa. if it's not solyndra, it's benghazi or obamacare. and this year promises more of the same. congressman issa's agenda for 2014 includes more hearings on the irs, benghazi, and fast and furious. what a surprise. joining me now are joy reid and ryan grim. thank you both for coming on the show tonight. >> thank you. >> thank you. >> joy, is issa just throwing stuff at the wall, it doesn't matter if any sticks at all? >> no, it's interesting. so darrell issa's job is to sort of make real a lot of the conspiracy theories you see on the right and right wing media. they've got these -- it's issa's job to deliver. he keeps promising he's going to deliver. that any day he's going to deliver hard proof on solyndra, benghazi, or the irs. and i think one of the reasons he's failing is because you have congress
we are here today because failures within the irs are not isolated to just tax-exempt division. four months ago when obamacare opened for business -- this fast and this hearing is now over but this investigation is not. >> you see, the investigation is never over with congressman issa. if it's not solyndra, it's benghazi or obamacare. and this year promises more of the same. congressman issa's agenda for 2014 includes more hearings on the irs, benghazi, and fast and furious. what a...
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i know the president suggested an increase in the earned income tax credit yesterday in their budget. they are going to pan that. they have no intention of helping the folks earning minimum wage in our country. you know what, republicans, they should tell the truth. they should tell america that they want people to work for 40 hours a week and still live in poverty. that's what republicans are in essence saying. >> well, your state, voters at least, are big supporters of this. the recent poll shows that 71%, overwhelming numbers, in general for the idea of raising the minimum wage. and when you get more specific to $10.10 an hour, it's still a pretty strong 62%. is that how, though, this is more likely to go, is it going to be state-to-state, or do you think there is real hope for a federal minimum wage hike to $10.10? >> well, there are states that lead on the minimum wage. connecticut is one of those, vermont is one of those, washington is one of those, washington state, washington, d.c., for that matter, is another location. so i think states will lead, but i predict that the polit
i know the president suggested an increase in the earned income tax credit yesterday in their budget. they are going to pan that. they have no intention of helping the folks earning minimum wage in our country. you know what, republicans, they should tell the truth. they should tell america that they want people to work for 40 hours a week and still live in poverty. that's what republicans are in essence saying. >> well, your state, voters at least, are big supporters of this. the recent...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com throughout this debate, their rallying cry has been "secure the border first." if you visit the border, you'll discover that security is about the last thing you can find there. if you want the proof, just come with us to the medical examiner's office in pima county, arizona. tractor-trailers busiest morgue on the entire border. and we're taking you inside thanks to our exclusive partnership with a media startup company that penetrates the deep web with traditional search engines cannot delve into. that is exactly where we found the people in this story. take a listen. >> the numbers are staggering. >> in this cooler are the remains of about 100 unidentified my gran-- migrants. >> since 2001, about 2,000 dead migrants have spent time on these shelves. >> what we end up in arizona is a mass fatality disaster every single year. >> more confounding, 830 body remain unidentified. >> i
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com throughout this debate, their rallying cry has been "secure the border first." if you visit the border, you'll discover that security is about the last thing you can find there. if you want the proof, just come with us to the medical examiner's office in pima county, arizona. tractor-trailers...
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court on the issue of whether citizens united overturning the ban on corporate spending applies to tax exempt rules. counsel and judy kindell need to be on this one please. cincy should probably not, all in caps, have these cases. what did you mean by cincy should not have these cases? >> on the advice of my counsel i respectfully exercise my fifth amendment right and decline to answer the question. >> ms. lern, why would you say tea party cases were very dangerous? >> on the advice of my counsel i respectfully exercise my fifth amendment right and decline to answer that question. >> ms. lerner, in september, 2010, you emailed your subordinates about initiating a, c-4 project and wrote, we need to be cautious so that it isn't a per se political project. why were you worried about this being perceived as a political project? >> on the advice of my counsel i respectfully exercise my fifth amendment right and decline to answer that question. >> ms. lern, the manager of e.o. technical in washington testified that you ordered tea party cases to undergo a multitier review. he testified, and
court on the issue of whether citizens united overturning the ban on corporate spending applies to tax exempt rules. counsel and judy kindell need to be on this one please. cincy should probably not, all in caps, have these cases. what did you mean by cincy should not have these cases? >> on the advice of my counsel i respectfully exercise my fifth amendment right and decline to answer the question. >> ms. lern, why would you say tea party cases were very dangerous? >> on the...
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and that's the earned income tax credit, as well. i mean, that actually is -- a refundable tax credit that a lot of people support that gives low-income people the ability to get -- >> it is -- i wish we had more time to make this argumentment at the end of the day, it's a one-time payment. people need money year round. i'm not sure that government should be subsidizing -- >> that's why that needs to be change. >> i think we can agree on that. i know we didn't have time. thank you very much. >>> that wraps up things for "the reid report." i'll see you tomorrow at 2:00 p.m. eastern. join us on line at thereidreport.com. "the cycle" is up next. >>> i wish you had more time for that segment, too. sounds interesting. good debate. we've got a lot on the ukraine, obviously. following breaking news and breaking diplomatic announcements. we'll bring it to you. also gay rights and the argument over chicken wings. >> i'm on a diet. i don't want to hear that. get married, have a couple of kids, [ children laughing ] move to the country, and liv
and that's the earned income tax credit, as well. i mean, that actually is -- a refundable tax credit that a lot of people support that gives low-income people the ability to get -- >> it is -- i wish we had more time to make this argumentment at the end of the day, it's a one-time payment. people need money year round. i'm not sure that government should be subsidizing -- >> that's why that needs to be change. >> i think we can agree on that. i know we didn't have time. thank...
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liz: tax preparers oversee it, not the irs or age age as, tax preparers, you come in and file the tax return and get direct deposit and the earned income tax credit is money that goes out the door, if you are frauds to you take the money and run. the fraud rate is anywhere from 20% to 25% of to 130% fragile the wind out the door. stuart: it is a check that comes in the meal, earned money on the books but very little money, we are giving those people more money and get a check every year and now the president wants to bring in an extra 13 million people who don't have children, newly eligible. liz: bringing more people into the system that they have known for years is broken and rife with fraud. they now how to play and are playing the big time. they get direct a pause a check through the earned income tax credit and get the money and take it and run. stuart: if it is called buying votes. we have more in a second. check the big board. we are down 35 points. we got our first look at employment before the big report friday. is there a bright spot? charles: it is an unmitigated disaster.
liz: tax preparers oversee it, not the irs or age age as, tax preparers, you come in and file the tax return and get direct deposit and the earned income tax credit is money that goes out the door, if you are frauds to you take the money and run. the fraud rate is anywhere from 20% to 25% of to 130% fragile the wind out the door. stuart: it is a check that comes in the meal, earned money on the books but very little money, we are giving those people more money and get a check every year and now...
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tax more, spend more, more government. gregg: off camera you were telling me about the earned income tax credit. >> included in this budget there is an expansion of the earned income tax credit. that's a check that goats out in the mail to people who are working that earn very little money. the president proposed to expand that and bring in an extra 13 million people to get that check every year. those 13 million people have no children. at the moment you can't get the earned income tax credit if they have got no children. the president will expand that, people with no children will be brought in. 13 million more people getting that check in the mail, paid for by you the taxpayer. it's a vast expansion of what we call the social security net under this budget. gregg: there are a great many skeptics on that note. stu varney. good to see you. martha: we are moments away from the start of a new hearing on the irs targeting scandal. where is everybody. we are going to find out what's going on. we'll find out if lois lerner who
tax more, spend more, more government. gregg: off camera you were telling me about the earned income tax credit. >> included in this budget there is an expansion of the earned income tax credit. that's a check that goats out in the mail to people who are working that earn very little money. the president proposed to expand that and bring in an extra 13 million people to get that check every year. those 13 million people have no children. at the moment you can't get the earned income tax...
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. >> the tax on individual mandate either by health insurance or by you pay the tax is frankly not fair. >> hard working americans are struggling under the president's health care bill. they don't need to see 1% of their salary taxed because they can't navigate a failing obamacare bureaucracy. >> whether it's the first vote or the 50th vote, this is the right thing to do. >> the irony or the weird boneheadedness of trying to repeal settled law for the 50th time was not lost on democrats. it was in its way a golden anniversary for republican in-trance gents. >> i want to wish my colleagues a happy 50th anniversary. >> but all these apity obamacare votes are no longer a calorie free chemically induced sugar high for the gop. prior to this year, voting to appeal was a freebie. a statement without real meaning but which nevertheless appeased wild eyed reactionaries on the right. now it comes with a cost. now it takes statement of intent, to annul millions of people's health care benefits. but do not expect that reality to produce a republican health care alternative anytime soon. for the mo
. >> the tax on individual mandate either by health insurance or by you pay the tax is frankly not fair. >> hard working americans are struggling under the president's health care bill. they don't need to see 1% of their salary taxed because they can't navigate a failing obamacare bureaucracy. >> whether it's the first vote or the 50th vote, this is the right thing to do. >> the irony or the weird boneheadedness of trying to repeal settled law for the 50th time was not...
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you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a great solution this can be. don't wait, call now! change their vote. if not, role call vote on this is 47 yeas, 52 nays. the motion fails. >> this nominee, however, was so unfit for the position in which he had been nominated that even seven democrats couldn't support it. >> we were very close to getting this good man nominated. but when a number of people saw the vote not going a certain way, things always change. >> well, it was quite a stunning development today. democrats and senate majority leader harry reid bringing up this vote for a deputy attorn
you can get tax-free money from the equity in your home. you can use the money to pay off your current mortgage if you have one. the remaining money can be used for anything. there's no monthly mortgage payments. and you still own your home! call today to get your free guide and dvd. it explains how a government-insured reverse mortgage works. there's no obligation. one reverse mortgage is a quicken loans company. their licensed experts can answer all your questions. call to find out what a...
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cincinnati office that pertained to whether or not tea party and conservative groups can qualify to tax exempt status to that point have not been seen. that's why you hear from a lot of democrats on that panel that this is just more, if anything, amounts to personal politics, that this plays well on conservative blogospheres and cable channels, that you can do these types of hearings about the irs, about the imperial presidency, quote, unquote, and this can play well with voters in november. but as far as what happens with lois lerner, her attorney is going to have a press conference later today, she continues to invoke her fifth amendment rights, and the interesting thing about this hearing today, it was a continuation of one that happened last year, where a lot of democrats said, look, lois lerner's already testified, you can't bring her back, she's already pled the fifth. but republicans said because she gave an opening statement her fifth amendment rights were not applicable. this is going to be going back and forth and if it plays well politically with the base, why not have a go a
cincinnati office that pertained to whether or not tea party and conservative groups can qualify to tax exempt status to that point have not been seen. that's why you hear from a lot of democrats on that panel that this is just more, if anything, amounts to personal politics, that this plays well on conservative blogospheres and cable channels, that you can do these types of hearings about the irs, about the imperial presidency, quote, unquote, and this can play well with voters in november....
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families as the employer mandate tax is for our businesses. i believe that individuals and families deserve the same sort of delay, so on behalf of my constituents in indiana's ninth district and on behalf of all of yours, i encourage all of my colleagues to support this bill and to support simple fairness. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from washington is recognized. mr. mcdermott: madam speaker, i yield three minutes to the gentleman from oregon, mr. blumenauer. -- speaker pro tempore: mr. mcdermott: i give three minutes to mr. davis from chicago first. the speaker pro tempore: the gentleman from illinois is recognized for three minutes. mr. davis: thank you, madam speaker. and i rise in strong opposition h.r. 4118, the 50th vote to repeal the health care act which passed and implemented with decreased coverage and increase the number of people who are not insured by as much as 11 million people in this country. it's unbelievable that we would be on the floor voting for
families as the employer mandate tax is for our businesses. i believe that individuals and families deserve the same sort of delay, so on behalf of my constituents in indiana's ninth district and on behalf of all of yours, i encourage all of my colleagues to support this bill and to support simple fairness. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. the gentleman from washington is recognized. mr. mcdermott: madam speaker, i yield three minutes to...
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is a need for tax exempt income out there. municipalities overall are actually reducing their total amount of indebtedness this year for the fourth year in a row because more bonds are maturing and getting called than what is actually being issued. pso those are generating some more stability in pricing but municipals are still cheaper than taxables and they're tax exempt. >> thank you for your time. a lot of people are talking about it. people are also talking about national security. it's not often that protecting our energy infrastructure is part of the equation, but michael chertoff, former secretary of homeland security, is looking to change that. next, he's coming up, and we'll give his take on cyber security and what can be done to step that up as well. keep it right here. cnbc will be back after a short break. you want a loan to build a factory in america? you can't do that. nobody builds factories in the us anymore... you can't do that. using american raw materials makes no sense... you can't do that. you want to hire
is a need for tax exempt income out there. municipalities overall are actually reducing their total amount of indebtedness this year for the fourth year in a row because more bonds are maturing and getting called than what is actually being issued. pso those are generating some more stability in pricing but municipals are still cheaper than taxables and they're tax exempt. >> thank you for your time. a lot of people are talking about it. people are also talking about national security....
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they've rolled back the bush tax cuts. they're buried a lot of tax surprises in the code to pay for obamacare. it's certainly not helpful. >> i know harry reid takes the senate floor and he says these obamacare suffering stories, they're lies. what do you have to say to him? >> i could agree with harry reid, but then we'd both be wrong. people are losing their insurance after the president said they wouldn't. businesses are on the side line not expanding because of the expensive obamacare. these aren't lies. these are real stories that real people are experiencing. >> you're fighting to keep your business going. i know you're also fighting for your daughter's life. i want to give everyone the web site here. where can they go to find out more about her struggles and fight? >> today is her birthday. she's ten years old today. our web site is hannah'shopefund.org. if you want to donate, you can do it. we're the only charity in the world for her very rare disease. it's kind of like lou gehrig's disease, but strikes kids. >> we
they've rolled back the bush tax cuts. they're buried a lot of tax surprises in the code to pay for obamacare. it's certainly not helpful. >> i know harry reid takes the senate floor and he says these obamacare suffering stories, they're lies. what do you have to say to him? >> i could agree with harry reid, but then we'd both be wrong. people are losing their insurance after the president said they wouldn't. businesses are on the side line not expanding because of the expensive...
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and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com [ sneezes ] [ male announcer ] you may be an allergy muddler. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin® because it starts working faster on the first day you take it. zyrtec®. love the air. [ sneezes ] >>> happening right now, face to face with russia. secretary of state, john kerry, sil secretary of state sits down with the russian foreign minister. high hopes. are there hopes this can do anything to ease the crisis in ukraine. >>> explosive words from hillary clinton, comparing vladmir putin to hitler and nazis. does she have her own ukraine problem. >>> hold on tight. asteroids hours away from a close drive bsh -by of earth. what you need to know right now.
and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com [ sneezes ] [ male announcer ] you may be an allergy muddler. try zyrtec® for powerful allergy relief. and zyrtec® is different than claritin® because it starts working faster on the first day you take it. zyrtec®. love the air. [ sneezes ] >>> happening right now, face to face with russia....
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they will get hammered in taxes already even if they do settle coins. the idea government coming back and reclaiming its gold because it was stolen 100 years ago? what a government. jenna: don't you want to find i do.o buried those coins jenna: it is an interesting twist in the story. whoever left them there, for whatever reason, you would hope there's a good reason why they left all that gold behind so. jon: and again i'm going to dig up my backyard to see what is there. jenna: i will get you one of those scanner things. jon: love that. it was an emotional day in court as oscar pistorius breaks down on hearing the testimony. so will "the blade runner"'s display do anything to dissuade the judge hering his case? >>> plus are fellow democrats putting hillary clinton at risk by dismissing criticism over the deadly terror attacks in benghazi? what a new poll reveals. ♪ no two people have the same financial goals. pnc investments works with you to understand yours and helps plan for your retirement. talk to a pnc investments financial advisor today. ♪ j
they will get hammered in taxes already even if they do settle coins. the idea government coming back and reclaiming its gold because it was stolen 100 years ago? what a government. jenna: don't you want to find i do.o buried those coins jenna: it is an interesting twist in the story. whoever left them there, for whatever reason, you would hope there's a good reason why they left all that gold behind so. jon: and again i'm going to dig up my backyard to see what is there. jenna: i will get you...
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, it would amend the business tax system and leave the individual tax code largely as it is. that approach is different from the ideas outlined by the two chairmen of the wroo tax-writing committees, both who have proposed detailed comprehensive tax reform plans. while i haven't endorsed either chairman camp's or chairman wyden's plan, they both recognize that the noncorporate business sector, which makes up over half of all u.s. business businesses, is also in need of tax reform. now, this sets them apart from president obama and the proposals in his latest budget. and of course let's not forget hardworking individual americans, far too many of whom who need assistance in filling out their tax returns. these people would be left behind under the president's proposal. the president's budget looks to raise tax revenue largely to increase more spending on what it calls -- quote -- "investmentvestmentsvestments" n infrastructure. that sounds wonderful. however, what is taken to be infrastructure in the minds of the federal bureaucrats, who the president would empower to spend ha
, it would amend the business tax system and leave the individual tax code largely as it is. that approach is different from the ideas outlined by the two chairmen of the wroo tax-writing committees, both who have proposed detailed comprehensive tax reform plans. while i haven't endorsed either chairman camp's or chairman wyden's plan, they both recognize that the noncorporate business sector, which makes up over half of all u.s. business businesses, is also in need of tax reform. now, this...
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his increased annual taxes by -- he's increased taxes, averaging about $4,00 for every household in america. he made a lot of promises that turned out not to be true. he promised that massive government spending would produce prosperity. instead average personal incomes declined $2,00 during his presidency and food stamp dependency's at an all-time high. nearly one in six americans is now living in poverty, including 22% of all children. the work force has sha runge to a smaller proportion -- sha runge to a smaller proportion of the population. he promised government takeover of our health care would reduce our health costs and increase coverage for americans. it's done exactly the opposite. millions more american families have lost their health plans and their doctors than have gained them. and the overwhelming majority has suffered ruinous increases in their health care costs. the result is a declining standard of living at home, a declining respect for america abroad, and a generation in danger of becoming the first in our history to be less well off than their parents. mr. speaker, our
his increased annual taxes by -- he's increased taxes, averaging about $4,00 for every household in america. he made a lot of promises that turned out not to be true. he promised that massive government spending would produce prosperity. instead average personal incomes declined $2,00 during his presidency and food stamp dependency's at an all-time high. nearly one in six americans is now living in poverty, including 22% of all children. the work force has sha runge to a smaller proportion --...
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raising the dividend tax? >> it comes into this concern of mine about income inequality and wage inequality that is an epidemic in this country. we have so isolated at handful of women and men in this economy, purposefully. we have not only tolerated they're becoming inordinately rich, but we encourage it -- >> to pick on henry kravitz as one of the names, he pays those taxes and a capital gains transaction. he does charities. i don't know which ones. he does this, that, and the other thing. is that enough? >> it is not even close to enough. for every woman or man who is philanthropic, there are one doesn't want not. we know that the silicon valley people, enormously wealthy, are traditionally an philanthropic. mark zuckerberg notwithstanding. do not assume positive behavior out of trickle down. trickle down is a fraud. enriching the top of society out of the hope that it trickles down philanthropic way or otherwise makes no sense. >> a leo hindery, on ordinary income. not enoughthere is about elon musk. it is
raising the dividend tax? >> it comes into this concern of mine about income inequality and wage inequality that is an epidemic in this country. we have so isolated at handful of women and men in this economy, purposefully. we have not only tolerated they're becoming inordinately rich, but we encourage it -- >> to pick on henry kravitz as one of the names, he pays those taxes and a capital gains transaction. he does charities. i don't know which ones. he does this, that, and the...